James Wynn's "shill" token moonpig fell more than 30% today, James Wynn denied dumping
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Planet Daily News: The meme token moonpig, which whale trader James Wynn has frequently shilled, dropped over 30% today, with its market value falling to around $52 million. Addressing community panic, James Wynn responded on X, saying: "The FUD around moonpig is absolutely crazy. That top holding address was never mine, just an unreachable stranger. He decided to take profits and sell, and now people are saying I'm dumping? I usually ignore such FUD, but I haven't sold a single moonpig. Do I hold tokens? Of course! Do I have paper profits? Yes, but they're all unrealized gains, not a single cent cashed out! The team's work is excellent. This is just an unusual fluctuation caused by early whale selling. Do you really think I'd care about selling tokens worth hundreds of thousands when I hold contract positions worth hundreds of millions? Moreover, this FUD wave has actually completed an important position shuffle, as many early buyers have seen exponential gains after the rapid price surge. I'm absolutely bullish on moonpig's long-term prospects."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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